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Mybet Holding Q2 loss narrows YOY

Mybet Holding SE said its normalized net income for the second quarter amounted to a loss of 3 euro cents per share, compared with a loss of 2 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €870,130, compared with a loss of €1.0 million in the year-earlier period.

The normalized profit margin rose to negative 7.1% from negative 7.2% in the year-earlier period.

Total revenue decreased 16.7% year over year to €12.0 million from €14.4 million, and total operating expenses fell 14.9% on an annual basis to €12.8 million from €15.0 million.

Reported net income totaled a loss of €1.3 million, or a loss of 5 cents per share, compared to a loss of €1.3 million, or a loss of 3 cents per share, in the year-earlier period.